Agency Information Ccollection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 64645 [E7-22454]

Download as PDF Federal Register / Vol. 72, No. 221 / Friday, November 16, 2007 / Notices [FR Doc. 07–5715 Filed 11–15–07; 8:45 am] BILLING CODE 6725–01–C FEDERAL RESERVE SYSTEM Agency Information Ccollection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB SUMMARY: Background. Notice is hereby given of the final approval of proposed information collections by the Board of Governors of the Federal Reserve System (Board) under OMB delegated authority, as per 5 CFR 1320.16 (OMB Regulations on Controlling Paperwork Burdens on the Public). Board– approved collections of information are incorporated into the official OMB inventory of currently approved collections of information. Copies of the Paperwork Reduction Act Submission, supporting statements and approved collection of information instrument(s) are placed into OMB’s public docket files. The Federal Reserve may not conduct or sponsor, and the respondent is not required to respond to, an information collection that has been extended, revised, or implemented on or after October 1, 1995, unless it displays a currently valid OMB control number. FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance Officer ––Michelle Shore––Division of Research and Statistics, Board of Governors of the Federal Reserve System, Washington, DC 20551 (202–452–3829); OMB Desk Officer––Alexander T. Hunt––Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Room 10235, Washington, DC 20503. Final approval under OMB delegated authority of the extension for three years, without revision, of the following report: mstockstill on PROD1PC66 with NOTICES Report title: Disclosure Requirements Associated with Regulation V Agency form number: Reg V OMB control number: 7100–03081 Frequency: On occasion Reporters: Financial institutions2 1 The information collections associated with the following rulemakings: Fair Credit Reporting Affiliate Marketing Regulations (Docket No R1203) and Identity Theft Red Flags and Address Discrepancies under the Fair and Accurate Credit Transactions Act of 2003 (Docket No R1255), will be assigned OMB No. 7100–0308. 2 Under section 217, the term ‘‘financial institution’’ is defined broadly to have the same meaning as in the privacy provisions of the Gramm–Leach–Bliley Act of 1999 (GLB Act), which defines financial institution to mean ‘‘any institution the business of which is engaging in financial activities as described in section 4(k) of VerDate Aug<31>2005 21:48 Nov 15, 2007 Jkt 214001 Annual reporting hours: 7,500 hours Estimated average hours per response: .25 hours Number of respondents: 30,000 General description of report: This information collection is mandatory (15 U.S.C. § 1681s–2(a)(7)). Because the records are maintained at state member banks and the notices are not provided to the Federal Reserve, no issue of confidentiality arises under the Freedom of Information Act. Abstract: Financial institutions that (1) extend credit and regularly and in the ordinary course of business furnish information to a nationwide consumer reporting agency, and (2) furnish negative information to such an agency regarding credit extended to a customer must provide a clear and conspicuous notice to the customer, in writing, about furnishing this negative information. Current Actions: On September 6, 2007, the Federal Reserve published a notice in the Federal Register (72 FR 51228) requesting public comment for sixty days on the extension, without revision, of these disclosure requirements; the comment period expired on November 5, 2007. The Federal Reserve did not receive any comments. Board of Governors of the Federal Reserve System, November 13, 2007. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E7–22454 Filed 11–15–07; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM Formations of, Acquisitions by, and Mergers of Bank Holding Companies The companies listed in this notice have applied to the Board for approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) (BHC Act), Regulation Y (12 CFR Part 225), and all other applicable statutes and regulations to become a bank holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below. The applications listed below, as well as other related filings required by the Board, are available for immediate inspection at the Federal Reserve Bank indicated. The application also will be available for inspection at the offices of the Board of Governors. Interested the Bank Holding Company Act of 1956,’’ whether or not affiliated with a bank. 15 U.S.C. 6809(3). PO 00000 Frm 00072 Fmt 4703 Sfmt 4703 64645 persons may express their views in writing on the standards enumerated in the BHC Act (12 U.S.C. 1842(c)). If the proposal also involves the acquisition of a nonbanking company, the review also includes whether the acquisition of the nonbanking company complies with the standards in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise noted, nonbanking activities will be conducted throughout the United States. Additional information on all bank holding companies may be obtained from the National Information Center Webs ite at www.ffiec.gov/nic/. Unless otherwise noted, comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than December 10, 2007. A. Federal Reserve Bank of New York (Anne MacEwen, Bank Applications Officer) 33 Liberty Street, New York, New York 10045–0001: 1. BNP Paribas, Paris, France; to acquire up to 9.9 percent of the voting shares of Shinhan Financial Group Co., Ltd., Seoul, Korea, and thereby indirectly acquire Shinhan Bank America, New York, New York. A. Federal Reserve Bank of Chicago (Burl Thornton, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. ISB Financial Corp., Iowa City, Iowa, to merge with MidWestOne Financial Group, Inc. and thereby indirectly acquire MidWestOne Bank, both of Oskaloosa, Iowa. Board of Governors of the Federal Reserve System, November 9, 2007. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E7–22341 Filed 11–15–07; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM Formations of, Acquisitions by, and Mergers of Bank Holding Companies The companies listed in this notice have applied to the Board for approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) (BHC Act), Regulation Y (12 CFR Part 225), and all other applicable statutes and regulations to become a bank holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below. The applications listed below, as well as other related filings required by the E:\FR\FM\16NON1.SGM 16NON1

Agencies

[Federal Register Volume 72, Number 221 (Friday, November 16, 2007)]
[Notices]
[Page 64645]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-22454]


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FEDERAL RESERVE SYSTEM


Agency Information Ccollection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

SUMMARY: Background. Notice is hereby given of the final approval of 
proposed information collections by the Board of Governors of the 
Federal Reserve System (Board) under OMB delegated authority, as per 5 
CFR 1320.16 (OMB Regulations on Controlling Paperwork Burdens on the 
Public). Board-approved collections of information are incorporated 
into the official OMB inventory of currently approved collections of 
information. Copies of the Paperwork Reduction Act Submission, 
supporting statements and approved collection of information 
instrument(s) are placed into OMB's public docket files. The Federal 
Reserve may not conduct or sponsor, and the respondent is not required 
to respond to, an information collection that has been extended, 
revised, or implemented on or after October 1, 1995, unless it displays 
a currently valid OMB control number.

FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance 
Officer --Michelle Shore--Division of Research and Statistics, Board of 
Governors of the Federal Reserve System, Washington, DC 20551 (202-452-
3829); OMB Desk Officer--Alexander T. Hunt--Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 10235, Washington, DC 20503.

Final approval under OMB delegated authority of the extension for three 
years, without revision, of the following report:

    Report title: Disclosure Requirements Associated with Regulation V
    Agency form number: Reg V
    OMB control number: 7100-0308\1\
---------------------------------------------------------------------------

    \1\ The information collections associated with the following 
rulemakings: Fair Credit Reporting Affiliate Marketing Regulations 
(Docket No R1203) and Identity Theft Red Flags and Address 
Discrepancies under the Fair and Accurate Credit Transactions Act of 
2003 (Docket No R1255), will be assigned OMB No. 7100-0308.
---------------------------------------------------------------------------

    Frequency: On occasion
    Reporters: Financial institutions\2\
---------------------------------------------------------------------------

    \2\ Under section 217, the term ``financial institution'' is 
defined broadly to have the same meaning as in the privacy 
provisions of the Gramm-Leach-Bliley Act of 1999 (GLB Act), which 
defines financial institution to mean ``any institution the business 
of which is engaging in financial activities as described in section 
4(k) of the Bank Holding Company Act of 1956,'' whether or not 
affiliated with a bank. 15 U.S.C. 6809(3).
---------------------------------------------------------------------------

    Annual reporting hours: 7,500 hours
    Estimated average hours per response: .25 hours
    Number of respondents: 30,000
    General description of report: This information collection is 
mandatory (15 U.S.C. Sec.  1681s-2(a)(7)). Because the records are 
maintained at state member banks and the notices are not provided to 
the Federal Reserve, no issue of confidentiality arises under the 
Freedom of Information Act.
    Abstract: Financial institutions that (1) extend credit and 
regularly and in the ordinary course of business furnish information to 
a nationwide consumer reporting agency, and (2) furnish negative 
information to such an agency regarding credit extended to a customer 
must provide a clear and conspicuous notice to the customer, in 
writing, about furnishing this negative information.
    Current Actions: On September 6, 2007, the Federal Reserve 
published a notice in the Federal Register (72 FR 51228) requesting 
public comment for sixty days on the extension, without revision, of 
these disclosure requirements; the comment period expired on November 
5, 2007. The Federal Reserve did not receive any comments.

    Board of Governors of the Federal Reserve System, November 13, 
2007.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E7-22454 Filed 11-15-07; 8:45 am]
BILLING CODE 6210-01-S
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